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Professor Flavio Menezes
Professor

Flavio Menezes

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+61 7 344 31279

Overview

Background

Flavio Menezes is a Professor of Economics and Director of the Australian Institute for Business and Economics at the University of Queensland (UQ). Flavio is also the Chair of the Queensland Competition Authority, a part-time member of the Australian Competition Tribunal, and a member of the NDIA’s Pricing Arrangement Reference Group. Professor Menezes has been engaged by the Australian Treasury toto provide independent strategic advice to the Australian and New Zealand governments for a review into regulatory barriers to the net zero transformation.

Professor Menezes was a member of the Expert Panel for the Special Disability Accommodation (NDIS) 2022-2023 price review. He was the president of the Economic Society of Australia (Queensland) from 2016 – 2018 and a member of the advisory board of the Federal government’s 2019 – 2020 Deregulation Taskforce.

He was the Head of the School of Economics at UQ from 2009 to 2015, the chair of the Research Evaluation Committee for Economics and Commerce, Excellence of Research in Australia (ERA) 2018, and a member of the same committee for ERA 2015. Professor Menezes was an elected member of UQ’s Academic Board and of its Standing Committee from 2018 to 2021. Prior to joining UQ in 2006, he was a Professor of Economics and a Professor of Regulatory Economics at the Australian National University and the foundation director of the Australian Centre of Regulatory Economics. He was a (part-time) Vice-President at Charles Rivers Associates International in Canberra from 2005 to 2006.

Professor Menezes is a fellow of the Academy of the Social Sciences in Australia and a Distinguished Public Policy Fellow of the Economic Society of Australia. He is an associate editor of Journal of Public Economic Theory and was the co-editor of the Economic Record from 2016 to 2022. He has published extensively on the economics of auctions, competition and regulatory economics, industrial organisation, and market design. He is a sought after UQ Expert on Australian economic policy. Professor Menezes’ engagement with industry and government is significant.

His experience includes advising the federal government, the AEMC, the ACCC, IPART, the QCA, and the ACT and Victorian governments on market design issues in regulatory environments. He has also provided economic advice to many private and public organisations on competition and regulatory issues in telecommunications, defence, fisheries, water, gambling, natural resources, electricity markets, dairy, smart cities, banking, aged care, the NDIS, early childhood education and childcare, health, and transport.

Availability

Professor Flavio Menezes is:
Available for supervision
Media expert

Fields of research

Qualifications

  • Bachelor of Economics, Universidade do Estado do Rio de Janeiro (UERJ)
  • Masters (Coursework) of Economics, unknown
  • Doctor of Philosophy, University of Illinois

Research interests

  • Competition and Regulatory Economics

  • auction theory and market design

  • public economics including taxation

Research impacts

Research undertaken by Professor Menezes has contributed to several areas in economics:

  1. Competition and regulatory economics: Prof Menezes’s research on competition economics is frequently cited in regulatory proceedings in Australia and overseas. For example, his advisory work on incentive mechanisms is cited in submissions to the Australian Energy Regulator and the IPART. His advisory work on asset valuation is cited in decisions by the Australian Energy Regulator and ERA. His research on the economic theory of auction and market design underpinned his expert reports that were pivotal in the Australian Competition Tribunal’s 2017 decision on the $11B merger of Tabcorp and Tatts Group. Professor Menezes’s research on public-private partnerships underpinned advice provide to governments and international organisations on how to procure complex transport infrastructure.
  2. Price regulation approaches for aged care: The Royal Commission into Aged Care Quality and Safety engaged Prof Menezes to review price regulation approaches that may be appropriate for application in the aged care sector. Prof Menezes’s advice directly informed the recommendation to introduce an independent Pricing Authority in the aged care sector (Royal Commission Final Report 2021, p.150).
  3. Competition and design in auctions: Prof Menezes’s research on multiple-unit auctions has been used to explain low revenue in some spectrum auctions in the United States and in Europe. Spectrum auctions have been redesigned as a result and his work is cited in patent applications for Clock Auctions (patent no. US7729975B2) and by Google (patent no. US8204818B1). His research on right-to-choose auctions provided an alternative design for the sale of a set of commonly ranked objectives. It has been considered to allocate spectrum of frequency and landing slots at airports and is cited in patents for computer-based right distribution systems (patent no. US7689210B2).
  4. Entry and corruption in auctions: Prof Menezes’s research has provided important insights into market design across a range of sectors. When entry into auctions is endogenous, having a larger number of potential bidders does not necessary lead to higher expected revenue in an auction; this implies that efforts to secure many bidders may be misplaced, and instead focus should be on competitive bidders. Moreover, when corruption is possible, particular care needs to be taken when designing auctions to minimise the impact of corruption on efficiency and on the seller’s revenue.

Works

Search Professor Flavio Menezes’s works on UQ eSpace

114 works between 1993 and 2024

101 - 114 of 114 works

2002

Journal Article

Hybrid auctions

Dutra, JC and Menezes, FM (2002). Hybrid auctions. Economics Letters, 77 (3), 301-307. doi: 10.1016/S0165-1765(02)00140-4

Hybrid auctions

2001

Journal Article

Why do bidders drop out from a sequential auction

Menezes, Flavio and Engelbrecht-Wiggans, Richard (2001). Why do bidders drop out from a sequential auction. Revista Brasileira de Economia, 55 (1), 35-51. doi: 10.1590/S0034-71402001000100002

Why do bidders drop out from a sequential auction

2001

Book Chapter

The Microeconomics of corruption: The classical approach

Menezes, Flavio M. (2001). The Microeconomics of corruption: The classical approach. Corruption & anti-corruption. (pp. *-*) edited by Peter Larmour and Nick Wolanin. Canberra : Institute of Criminology: Asia Pacific Press.

The Microeconomics of corruption: The classical approach

2001

Journal Article

Private provision of discrete public goods with incomplete information

Menezes, FM, Monteiro, PK and Temimi, A (2001). Private provision of discrete public goods with incomplete information. Journal of Mathematical Economics, 35 (4), 493-514. doi: 10.1016/S0304-4068(01)00059-3

Private provision of discrete public goods with incomplete information

2001

Journal Article

Por que favorecer firmas nacionais?

Menezes, Flavio M. and Monteiro, Paulo K. (2001). Por que favorecer firmas nacionais?. Revista Brasileira de Economia, 55 (4), 453-466. doi: 10.1590/S0034-71402001000400001

Por que favorecer firmas nacionais?

1999

Journal Article

A simple analysis of the US emission permits auctions

Kline, J. Jude and Menezes, Flavio M. (1999). A simple analysis of the US emission permits auctions. Economics Letters, 65 (2), 183-189. doi: 10.1016/S0165-1765(99)00128-7

A simple analysis of the US emission permits auctions

1998

Journal Article

Simultaneous pooled auctions

Menezes, FM and Monteiro, PK (1998). Simultaneous pooled auctions. Journal of Real Estate Finance And Economics, 17 (3), 219-232. doi: 10.1023/A:1026479506400

Simultaneous pooled auctions

1997

Journal Article

Sequential asymmetric auctions with endogenous participation

Menezes, FM and Monteiro, PK (1997). Sequential asymmetric auctions with endogenous participation. Theory And Decision, 43 (2), 187-202. doi: 10.1023/A:1004970725802

Sequential asymmetric auctions with endogenous participation

1996

Journal Article

Latin America's economic future - Bird,G, Helwege,A

Menezes, FM (1996). Latin America's economic future - Bird,G, Helwege,A. Revue Canadienne D Etudes Du Developpement-canadian Journal of Development Studies, 17 (3), 555-558.

Latin America's economic future - Bird,G, Helwege,A

1996

Journal Article

Cointegration tests of purchasing power parity for the Brazilian economy: 1870-1906

Menezes, Flavio M. and Resende, Marcelo (1996). Cointegration tests of purchasing power parity for the Brazilian economy: 1870-1906. Estudos Econômicos, 26 (1), 51-62.

Cointegration tests of purchasing power parity for the Brazilian economy: 1870-1906

1996

Journal Article

Multiple-unit English auctions

Menezes, Flavio (1996). Multiple-unit English auctions. European Journal of Political Economy, 12 (4), 671-684. doi: 10.1016/S0176-2680(96)00022-5

Multiple-unit English auctions

1995

Journal Article

On the optimality of Treasury Bill auctions

Menezes, Flavio M. (1995). On the optimality of Treasury Bill auctions. Economics Letters, 49 (3), 273-279. doi: 10.1016/0165-1765(95)00676-7

On the optimality of Treasury Bill auctions

1995

Journal Article

Existence of equilibrium in a discriminatory price auction

Menezes, Flavio M. and Monteiro, Paulo K. (1995). Existence of equilibrium in a discriminatory price auction. Mathematical Social Sciences, 30 (3), 285-292. doi: 10.1016/0165-4896(95)00796-2

Existence of equilibrium in a discriminatory price auction

1993

Journal Article

Sequential auctions with delay costs : A two-period model

Menezes, Flavio M. (1993). Sequential auctions with delay costs : A two-period model. Economics Letters, 42 (2-3), 173-178. doi: 10.1016/0165-1765(93)90057-J

Sequential auctions with delay costs : A two-period model

Funding

Past funding

  • 2023 - 2024
    BLADE Analysis for IP Australia - Stage 1
    IP Australia
    Open grant
  • 2022 - 2023
    Highlighting the benefits of price incentives for electric vehicle charging: evidence from a field experiment with telematics data
    Energy Consumers Australia Influence Grants
    Open grant
  • 2022 - 2023
    Emissions and economic modelling of road and rail freight in NSW
    iMove Cooperative Research Centre
    Open grant
  • 2022 - 2023
    Investigation into Start-ups and Scale-ups in Queensland
    Queensland Department of State Development, Tourism and Innovation
    Open grant
  • 2012 - 2014
    Games and decisions with bounded rationality: theory and economic implications
    ARC Discovery Projects
    Open grant
  • 2006 - 2008
    The consistency of price regulation of infrastructure businesses across Australian jurisdictions
    ARC Discovery Projects
    Open grant
  • 2005 - 2007
    Economy wide consequences of regulation and privalisationpolicy regimes
    Australian National University
    Open grant

Supervision

Availability

Professor Flavio Menezes is:
Available for supervision

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Supervision history

Current supervision

Completed supervision

Media

Enquiries

Contact Professor Flavio Menezes directly for media enquiries about:

  • Auction and market design
  • Australian economic policy
  • Competition economics
  • Economics
  • Market design
  • Public economics
  • Regulatory economics
  • Taxation of multinationals

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